CFPB Issues TRID Factsheet on Disclosure of Title Insurance

June 9, 2020

The Consumer Financial Protection Bureau (CFPB) issued a factsheet addressing the disclosure of title insurance fees under the TILA-RESPA Integrated Disclosures Rule (TRID) on the Loan Estimate and Closing Disclosure.

The nine-page fact sheet provides examples of when an owner’s policy is not purchased, when both a lender’s and owner’s policy are purchased and when simultaneous rate is offered. The Bureau also addresses when the calculation results in a negative number for title insurance.

The CFPB’s factsheet ends with this comment: while the amounts disclosed for each individual policy on the TRID disclosures may differ from the rates provided by the title insurance company or on state disclosures, the total amount disclosed for owner’s and lender’s title insurance is the same as the total amount paid.

“ALTA has long advocated for a more streamlined and understandable approach to disclose the cost of title insurance for consumers," said Diane Tomb, ALTA's chief executive officer. "We will continue work with the Bureau to further our common goal of helping educate consumers in this area.”

Contact ALTA at 202-296-3671 or